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Macquarie Infrastructure Stock To Go Ex-dividend Tomorrow (MIC)

The ex-dividend date for Macquarie Infrastructure Company (NYSE:MIC) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $30.04 as of 9:30 a.m., the dividend yield is 2.7%.

NEW YORK ( TheStreet) -- The ex-dividend date for Macquarie Infrastructure Company (NYSE: MIC) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $30.04 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Macquarie Infrastructure has been 161,700 shares per day over the past 30 days. Macquarie Infrastructure has a market cap of $1.3 billion and is part of the services sector and wholesale industry. Shares are up 7.2% year to date as of the close of trading on Tuesday.

Macquarie Infrastructure Company LLC invests, owns, and operates in a diversified group of infrastructure businesses in the United States. Its businesses comprise the energy-related businesses and an aviation-related business. The company has a P/E ratio of 50.6, below the average wholesale industry P/E ratio of 67 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macquarie Infrastructure as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Macquarie Infrastructure Ratings Report.